Matt Mitter’s Value Rater is one of Betfan’s newest products with selections coming from the eponymous Matt Mitter, supposedly something of a celebrity in the horse racing world.
What does the product offer?
As far as tipster services go, Matt Mitter’s Value Rater seems to be something of a selective effort with Matt Mitter clearly not opting to try and find bets every day. The bets that he does identify however are generally rather decent looking, at least in terms of the odds that you are backing.
A cursory glance through the month reveals odds of up to 66/1. Unfortunately, this is somewhat marred when you start to look at the numbers.
The strike rate for Matt Mitter’s Value Rater stands at just 25% which is in many respects, not a bad thing, especially given the odds that you are backing. The problem however (at least in my book) is that this is combined a staking plan that involves betting 5 points per bet which can quickly add up.
How does the product work?
As the name suggests, Matt Mitter’s Value Rater is a value based service and this is definitely something that the results reflect.
In terms of his approach, Matt Mitter uses his own personal handicapping system and is quite clear that this aspect of Matt Mitter’s Value Rater is based on his own grasp on both the basics of analysis (including form and race reading), as well as focussing on certain types of races. Namely those that are grouped and graded.
This is claimed to be to allow Matt Mitter to extract the best possible value and also to allow him to apply his own handicap system.
What is the initial investment?
Betfan are offering 3 different subscription lengths for Matt Mitter’s Value Rater which are a one month (28 days), three months (90 days) and 6 months. These are priced at £49, £99 and £159 per respective period.
As is typical for products from the Betfan group, there isn’t any money back guarantee on offer however they do say that they will review any requests for refunds.
What is the rate of return?
Since the launch of Matt Mitter’s Value Rater at the start of April this year, the service has gone on to make a profit of 337.75 points with most of it coming from just a handful of bets. It is worth pointing out that this amounts to an ROI of 116.47%.
Conclusion
I am familiar with Betfan and their products and as such, the criticism aren’t likely to be anything new. In fact, they are principally the same across almost all of them and Matt Mitter’s Value Rater is a perfect example.
First of all, at £50 per month, it is expensive. Even staking £5 per point (meaning £25 per bet) would mean that you would have made a very modest profit, however you would also be risking large amounts per month. This is because Matt Mitter’s Value Rater fits the model of “when it wins, it wins big”.
There have been 2 large wins that have both doubled the betting bank to date, and whilst one would hope that these will continue to come in if what Matt Mitter says is true, I am not convinced that this will be often enough.
Very informative,I for one don’t understand why tipsters go for 5 points stakes on every wager instead of level stakes when the sp or B O G are so high
Thanks
Maurice
I can see this review is a little dated, as it over 12 months old. Value Rater offer a range of different products on their website now and at much lower prices too. It might be worth having another look as I am personally well up on my stakes. Very happy so far with what Matt has suggested.
Sara
Huh, Peter was your name and then you sign off with Sara ? Whilst promoting products ? Mmmmmm
Stay clear his tips are just awful here are the last 6 tips over the last 4 days
Wednesday and Thursday August 15 & 16 2018
What he called Big Sting on inside info
240 Salisbury CALENDIMAGGIO 9/2 Trained by Mick Channon & Ridden by Franny Norton
310 Salisbury DUSTY 9/1 Trained by Mick Channon & Ridden by Scott McCullagh
340 Salisbury LIFEBOAT 7/2 Trained by Charles Hills
Wednesday
310 TAHREEK 15/8 trained by Sir Michael Stoute & Ridden by Jim Crowley
340 CRYSTAL HOPE 3/1 trained by Sir Michael Stoute & Ridden by Ryan Moore
SUNDAY
Supposed to be a stable coup arranged by some so called Big shot punter named Gary Findlay finished stone last
Sunday Leicester
310 SAVING GRACE 9/2
Most finished nearer last than first.
Buyer beware avoid at all costs.
Runs various services which are a bit expensive but they do offer discounts, I have tried most of them Night Rider is good the rest not so good, look at the results for each service before thinking about buying
There are no results on the website and despite asking multiple times over multiple days he just sends pure crap to my inbox without reply nor results. Very unprofessional.
Started in october buying the value rater service.I have had one winner at 7/2 and over 14 losers.I now know what a losing run is.The only way to make money with these tips is to lay them on betfair.
2nd favourates all the time and just a run of bad luck when I purchase the tips. I was hoping to see a better guess’er for the money
Really bad experience with 2 tipsters, so called hot offering fantastic returns. They charge a small fortune per month and little if anything in return. My gran could have picked better winners than these.Don’t be fooled by the so called hot tipsters they offer.
Just another sc*m. Paid £10 + VAT for an ‘absolute certainty’ at Lingfield on 3/5/19. When tip came through it was Aristocratic. They said it was in the 445 at Lingfiled ( cannot even get the race meeting spelling g right).I looked at Sporting Life. No such horse running. There was a horse called Aristocratic Lady. It was 5-4 favourite !! They said it couldn’t get beat. Guess what ? It ran like a crab and got beat 5 lengths !! I complained and ‘Matt Mitter’ rang me. No way would he refund the £12. Kept calling me ‘Sir’ which to me is indicative of a con man. What they probably do is pick a race with TWO strong candidates and split their tipping between both horses so 50% of their ‘tips’ are right. Wouldn’t touch him with a barge pole.
He’s still at it, last 3 where info from a horse box driver then tips from behind the curtain and also undercover man.
All lost and he blamed the wet ground like you dont know the so called horse laid out to win doesn’t like the going ?
If this fella is ITK I’m Barney Curley.
I would not use him took a months subscription out for £45 for 4 tips a week then 2 days later got a email for tips to the same club for £45 for 3 months.I complained 2 weeks ago and heard zilch,not a guy I would deal with@ customer service is 0
Why are these tipping services not regulated like other financial products. I do see with these services they always email you with a winner but with losers they are very quiet. They give names for the people with inside info, could it be these people are made up and it’s Matt Mitter and co picking the horses with no inside knowledge. They say the charge is only £5 or £6.95 but that does not include VAT and they do not advertise it as ex Vat. I think I will start a tipping service and pull a horse out of the hat.
and another one out today The Godfather – says company name as vauerater – throwing them out like theyre going out of fashion. Think i’ll stick to just watching the film.
I have had tips from a few tipsters now but valuerater is by a long way the worst I have ever used, they promise you the earth and deliver nothing . This week alone they gave me 4 horses to back which were supposed to be dead certs and guess what not one winner and oh yes once again the weather got the blame. So don’t fall for this guys chat and give them a wide birth you have been warned.